Mr. Peterson explained the amendment. Approved unanimously.

Finance Committee · 2026-06-16 · agenda_item

This civic agenda item involves a proposed amendment to the city's financial plans. Specifically, the amendment concerns the maximum amount of commercial paper that can be outstanding, setting it at $200,000,000 on September 30, 2029. The amendment also addresses the impact of inflation on this amount. This item is currently under review by the Finance Committee. While no direct construction is outlined, this financial planning could set the stage for future capital projects. Businesses involved in financial services, legal counsel, and potentially those supplying services for future city infrastructure projects might find this early stage of review beneficial for understanding upcoming financial frameworks. Engaging now allows for awareness as financial decisions progress.

not to exceed amount of outstanding commercial paper

200,000,000 $